[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

America Erupts… ICE Raids Takeover The Streets

AC/DC- Riff Raff + Go Down [VH1 Uncut, July 5, 1996]

Why is Peter Schiff calling Bitcoin a ‘giant cult’ and how does this impact market sentiment?

Esso Your Butt Buddy Horseshit jacks off to that shit

"The Addled Activist Mind"

"Don’t Stop with Harvard"

"Does the Biden Cover-Up Have Two Layers?"

"Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF"

"'Major Breakthrough': Here Are the Details on the China Trade Deal"

Freepers Still Love war

Parody ... Jump / Trump --- van Halen jump

"The Democrat Meltdown Continues"

"Yes, We Need Deportations Without Due Process"

"Trump's Tariff Play Smart, Strategic, Working"

"Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts"

"Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands

"Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies"

"Left Using '8647' Symbol for Violence Against Trump, Musk"

KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel

"Trade should work for America, not rule it"

"The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP"

"How Trump caught big-government fans in their own trap"

‘Are You Prepared for Violence?’

Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible"

"Trump signs executive order eliminating the Department of Education!!!"

"If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think"

"Ending EPA Overreach"

Closest Look Ever at How Pyramids Were Built

Moment the SpaceX crew Meets Stranded ISS Crew

The Exodus Pharaoh EXPLAINED!

Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing!

Are we experiencing a Triumph of Orthodoxy?

Judge Napolitano with Konstantin Malofeev (Moscow, Russia)

"Trump Administration Cancels Most USAID Programs, Folds Others into State Department"

Introducing Manus: The General AI Agent

"Chinese Spies in Our Military? Straight to Jail"

Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly

"Real problem with the Palestinians: Nobody wants them"

ACDC & The Rolling Stones - Rock Me Baby

Magnus Carlsen gives a London System lesson!

"The Democrats Are Suffering Through a Drought of Generational Talent"

7 Tactics Of The Enemy To Weaken Your Faith

Strange And Biblical Events Are Happening

Every year ... BusiesT casino gambling day -- in Las Vegas

Trump’s DOGE Plan Is Legally Untouchable—Elon Musk Holds the Scalpel

Palestinians: What do you think of the Trump plan for Gaza?

What Happens Inside Gaza’s Secret Tunnels? | Unpacked

Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225

EXPOSED: The Dark Truth About the Hostages in Gaza

New Task Force Ready To Expose Dark Secrets


Status: Not Logged In; Sign In

LEFT WING LOONS
See other LEFT WING LOONS Articles

Title: Boehner makes little boy Barry whine & wet his pants
Source: Bloomberg
URL Source: http://www.bloomberg.com/news/2010- ... s-new-ideas-kevin-hassett.html
Published: Sep 14, 2010
Author: http://www.bloomberg.com/news/2010-09-13
Post Date: 2010-09-14 08:30:14 by Happy Quanzaa
Keywords: Little boy Barry, wet and whin
Views: 1241
Comments: 1

Obama’s Insults Mask Fear of Boehner: Kevin Hassett

(Corrects date of Obama speech in third paragraph.)

In Washington, it’s often a compliment when your opponents start to attack you. It means they think you are dangerous.

Democrats unleashed a barrage against House Minority Leader John Boehner in recent weeks, which raises the question -- what are they afraid of?

President Barack Obama personally delivered one of the broadsides at Boehner, using a Sept. 8 speech outside Cleveland to accuse the Ohio Republican of obstructing efforts to revive the economy.

Referring to a speech Boehner had given a few weeks earlier, Obama said: “There were no new policies from Mr. Boehner. There were no new ideas. There was just the same philosophy that we had already tried during the decade that they were in power -- the same philosophy that led to this mess in the first place: Cut more taxes for millionaires and cut more rules for corporations.”

Obama sarcastically said Republicans oppose his spending programs only until “showing up at the ribbon-cuttings, trying to take credit.”

The Boehner of Obama’s speech is a partisan rube pitching the same old Republican snake oil. Of course, if that were true, then the man would be no threat at all, and Democrats wouldn’t need to send the president out to attack him.

A look at Boehner’s recent speeches and proposals suggests that he has been reshaping the Republican Party in a manner that should make it much more attractive to middle-of-the-road voters, and doing so with, yes, some new ideas. No wonder Obama is scared.

Five Points

In the very speech that Obama mocked -- Boehner’s Aug. 24 address in Cleveland -- Boehner outlined a five-point plan to restore the American economy.

First, he proposed extending George W. Bush’s tax cuts for all, not just for those making less than $250,000 per year, as Obama prefers. Nothing new there.

But since then, Boehner has indicated a willingness to compromise by extending the tax cuts for two years and then, presumably, debating the issue again under less-dire economic circumstances.

Boehner’s small shift brought him within range of the view of Obama’s former budget director, Peter Orszag, who says the tax cuts in full should be continued for two years, then permitted to expire. Boehner, not surprisingly, hasn’t committed to the second part, but it’s significant to see him and Orszag agree that higher taxes now would harm an already weak economy.

Reasonable Republican

Fighting to extend the tax cuts for only two years is a big concession for a Republican, a departure from the tax-cuts-at- all-cost attitude of the past. Boehner took his reasonableness to a new level yesterday by declaring he would vote for the more limited tax-cut extension if that is the only option that could get enacted.

Second, Boehner highlighted the damaging effect that economic uncertainty is having, and he called on Obama to veto any legislation a lame-duck Congress might produce on union organizing, limits to industrial emissions or any other topic that would harm businesses.

Boehner grasps that reducing policy uncertainty is an overriding challenge for lawmakers. It isn’t just that firms worry Obama might enact policies that will harm them; they are also hamstrung by all of the policies that seem to be up for grabs every year because of budget tricks. Perhaps Boehner would seek to end the legislative patching and extending that has made business planning more and more difficult over the past decade.

Paperwork Threat

Third, Boehner said Democrats should permit the repeal of the provision in the health-care law that requires business to submit Form 1099 paperwork to the Internal Revenue Service for every supplier from which they purchase more than $600 of goods each year. Most small businesses don’t have the bookkeeping resources necessary for this level of detailed reporting and will needlessly have to spend capital to conform.

Fourth, Boehner suggested that non-defense discretionary spending -- that is, spending on domestic programs ranging from housing assistance and education to transportation and space flight -- be immediately cut to its 2008 level.

While Keynesians might think such a cut would harm economic growth, Boehner makes the case that reducing government spending could have near-term positive stimulus effects because of its influence on sentiment. As he put it in June, “Listen, the Democrat spending spree is scaring the hell out of the American people and it’s hurting our economy.”

Backed by Studies

Ample academic literature backs Boehner in concluding that spending cuts that restore budget discipline can stimulate the economy, even in the short-run. Boehner might not be using phrases such as “the non-Keynesian effects of fiscal consolidations,” but he’s on the right track nonetheless.

The reduction in spending that Boehner calls for -- even exempting seniors, veterans and national-security programs, as he proposes -- could be the largest in U.S. history. Government spending in 2008 was a bit less than $3 trillion. It is projected to be almost $3.7 trillion in 2011. A $700 billion cut would steer the budget back toward balance, since the Congressional Budget Office foresees the deficit falling below $700 billion in 2012 even without such a dramatic step. And then, of course, permanent extension of the Bush tax cuts becomes plausible.

Finally, Boehner called on Obama to fire his top economic advisers, Timothy Geithner and Larry Summers. OK, maybe this isn’t a new idea -- just a good one.

Taken as a whole, Boehner’s plan represents a major departure from the compassionate conservatism spend-a-thon under Bush and former House Speaker Dennis Hastert. Gone is the Republican Party that seeks to buy off citizens with juicy benefits and pork. Good riddance.

Boehner could probably say nothing between now and the Nov. 2 election and still become the next House speaker in a Republican rout. The fact that he’s proposing anything at all should win him admiration, at least enough to offset a president’s scorn.

(Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He was an adviser to Republican Senator John McCain in the 2008 presidential election. The opinions expressed are his own.)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Happy Quanzaa (#0)

Chuckles...

"They're making me look stupid because they fear me."

None of you Botys are smart enough to understand that this logic could be turned back on you?

war  posted on  2010-09-14   8:31:37 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com